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December 17, 2012
18:28 EDTPNCL, DAL, PNCLQPinnacle Airlines reaches tentative agreement with ALPA
Pinnacle Airlines Corp.'s wholly owned subsidiary, Pinnacle Airlines, announced that it has reached a tentative agreement with the Air Line Pilots Association, ALPA, the legal representative of the Pinnacle Airlines pilot group on cost reductions that cover pay, retirement, work rules and benefits. A separate agreement was reached among Pinnacle Airlines, Pinnacle pilots and Delta Air Lines (DAL) that includes long-term career opportunities and the addition of 40 CRJ-900s to the Pinnacle fleet. With this agreement, Pinnacle's long-term fleet plan has been established at 81 CRJ-900 aircraft. The CRJ-900 deliveries are planned for the fall 2013 and are planned to be completed by year-end 2014. Pinnacle will remove its 140 CRJ-200 aircraft from the fleet over the next two to three years. ALPA members will have the opportunity to vote on the tentative agreement in January and, if approved, the changes would become effective when similar changes are implemented for Pinnacle's other labor groups and non-union employees. The tentative agreement also remains subject to approval and review by the Bankruptcy Court.
News For PNCL;PNCLQ;DAL From The Last 14 Days
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November 22, 2015
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November 16, 2015
09:59 EDTDALOmega bought Valeant in Q3, sold some SuneEdison
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05:38 EDTDALDelta Air Lines implied volatility of 33 at lower end of index mean range
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November 13, 2015
16:40 EDTDALAppaloosa gives quarterly update on stakes
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